Nina Maines, Broker and Investment Adviser with Cadaret, Grant & Co., Suspended by FINRA Following Allegations of Unauthorized Discretionary Trading

Maines allegedly exercised discretion in customer accounts without written authorization.

The Sonn Law Group is investigating allegations that Nina Maines made unauthorized discretionary trades. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.

nina-maines-unauthorized-discretionary-tradingNina Maines (CRD#: 2496408) is an investment adviser and broker with Caradet, Grant & Co., where she has been registered since 2003. Previously, Maines was registered as a broker with AXA Advisors from 1994 until 2003.  

Without admitting or denying the findings, Maines consented to a suspension of fifteen business days, a $5,000 fine, and to the entry of findings that she exercised discretion without written authorization in customers accounts. 

FINRA’s findings stated that Maines effected the trades on the basis of communications she had with customers three or more days before the trades were placed. Although the customers were aware Maines was exercising discretion in their accounts, she did not have prior written authorization to do so from the customers. Additionally, Maines’s member firm had not approved any of the accounts for discretionary trading. 

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The Sonn Law Group is currently investigating allegations that Corbin Lambert conducted a cherry-picking scheme. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.


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